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Big Oil's Taxes, and Yours

In the final hours of the the 2012 tax filing deadline, many Americans are worried about paying what seems like increasingly higher taxes. Who wouldn’t be worried?

Big Oil, that’s who.

As the Center for Progress notes, the big five oil companies weigh in with a hefty $137 billion in profits in 2011. Fortune magazine ranks ExxonMobil, Chevron, and ConocoPhillips as the first-, third-, and 16th-most profitable companies in the United States.